Home Uncategorized M-pesa, mkesh and e-Mola are already interconnected

M-pesa, mkesh and e-Mola are already interconnected

The mobile wallets, mkesh, m-pesa and e-Mola, have had their operations interconnected since July 1st through SIMOrede. This means that customers of these three e-money institutions can transfer and receive money between each other conveniently and securely.

Making payments by electronic means was hampered by the lack of this interconnection. This reduced the use of electronic means of payment and greatly affected the access to and use of financial services by the majority of the population.

The interconnection of the operations of mkesh, m-pesa and e-Mola marks a milestone that will drive the expansion of financial services.

This achievement enables the achievement of one of the main goals of the National Strategy for Financial Inclusion 2016-2022, which will certainly make an undeniable contribution to boosting electronic payments in the country.

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